Stone Resources Australia Limited announced its plans for an executive refresh and board changes in light of the progress of its recapitalization. The executive refresh will comprise: (a) Resignation of three of SRAL's current directors, Yong Han, Fang Lu and Kaiye Shuai, conditional upon and effective at DECA completion; (b) Appointment of Josh Hunt to the SRAL Board as an independent non-executive director, conditional upon and effective at DECA completion; and (c) William (Bill) Hobba taking on a new role as executive director of SRAL. Retirement of current directors Yong Han, Fang Lu and Kaiye Shuai have announced their intention to resign as directors upon completion of the Debt Equity Compromise Agreement announced 25 March 2020 (DECA). Mr. Han, Mr. Lu and Mr. Shuai's resignations are conditional upon completion of the DECA. If the DECA does not complete, then they will continue to serve on SRAL's board. Josh Hunt is an experienced capital markets and M&A partner with HopgoodGanim Lawyers and has extensive experience in all aspects of mining and energy project acquisitions and disposals and general mining legislation compliance throughout Australia. He has advised on numerous IPOs and fundraisings and acquisitions by both public and private companies. Mr. Hobba has been a director of SRAL for the past seven years and brings 40 years of operational and technical experience in developing mine sites to his new executive role. He is familiar with the Brightstar operations and will oversee PCF Capital Group and SRAL's other advisors in developing and implementing a renewed exploration strategy in respect of SRAL's Cork Tree Well, Alpha and Beta deposits, which together contain a combined JORC 2012 Mineral Resource of 7.2Mt @ 1.9g/tAu for 445,000 ounces.